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Let me throw in my 2 cents. Similarly, I coded up many of his indicators
especially Sequential three years ago. Traded them for almost a year. Lost
money! Picking tops and bottoms is a profitless waste of time. Stay with the
trend.
>>> <TAOTRADER@xxxxxxxxxxx> 04/07/99 03:37pm >>>
About two years ago I spent *weeks* coding DeMark's TD Combo and TD
Sequential. When I got it all done, I was amazed to see that it picked certain
turning points with uncanny accuracy. Even more amazing was how many
more turning points it failed to pick with uncanny inaccuracy. What a crock.
I also coded many of the other indicators from his book *New Market Timing
Techniques.* My testing results, despite my unbridled optimism, were similarly
unimpressive.
I think the best lesson DeMark has to offer is that reading his books and
wading through his complex and rule-bloated analytical techniques really
brings home one of the cardinal rules of trading: K.I.S.S.
No wonder he doesn't trade!
Jeff Kingery
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>
> Jeffrey and others interested in DeMark's Combo/Sequential:
>
> I've coded up my interpretation of combo and sequential and put it onto
> various charts to see if it seemed to reliably point out turning points.
> I couldn't see that it did so at all, it just seemed to point out fairly
> random locations in the charts I looked at. I quickly gave up bothering
> with it.
>
> I _think_ I coded it up correctly, but his descriptions are pretty arcane,
> so there's no telling, and of course coding errors are not beyond me either.
>
> But I believe I had it right.
>
> If someone else has found it to be reliable, I'd sure like to hear about
> all the different markets/time periods that demonstrate it. I did find
> a few, and a alot more that didn't...as I said, random.
>
>
> -Kevin
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